A domain name is an easy-to-use and unique web address which you can acquire for your website. It routes a numeric IP address that is used to identify websites as well as units on the Web but it is quite easy to remember or share. Every domain name features two separate parts - the particular name that you choose and its extension. To give an example, in domain.com, “domain” is referred to as Second-Level Domain and it is the element you will be able to choose, whereas “.com” is the extension, that is called Top-Level Domain (TLD). You'll be able to get your new domain name via any licensed registrar company or relocate an active one between registrars if the extension allows this function. Such a transfer doesn't change the ownership of your domain; the only thing that changes is the place where you can manage the domain. Most of the domain extensions are open for registration by every entity, but a number of country-code extensions have specific conditions like regional presence or a valid company registration.